senior property valuation; application; income

This constitutional amendment (HCR 2009) proposes to create a property tax valuation freeze for Arizona seniors. It would allow residents aged 65+ who own their primary home (including up to 10 acres) and meet income limits - 400% of Social Security SSI for single owners or 500% for couples - to lock their property tax value at the level when they applied. The frozen value remains in effect as long as they qualify, with income rechecked every three years using their average three-year income. If the property is sold to someone who doesn’t qualify, the freeze ends, and taxes revert to the full market value. (Note: This is a proposed constitutional amendment requiring voter approval, not an enacted law.)